moneyhistory
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Origin of Coin as a Medium of Exchange (600 BC)
The first official coins were introduced around 600 BC in Lydia, an ancient city in modern-day Turkey, under the rule of King Alyattes. These coins were made from gold and silver and stamped with a royal seal, making them widely accepted and trusted in trade.
Following this, regions like India, Greece, Rome, and China began to mint their own coins for economic exchanges.
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The Beginning of Paper Currency (7th–9th Century AD)
The Tang Dynasty in China initiated the use of paper during the 7th century AD, but it was not currency in the true sense—rather, it functioned as receipts.
Later, in the 9th century, the Song Dynasty converted these paper receipts into actual paper currency, known as "Jiazi", marking the first use of paper money as a substitute for metal coins.
Paper Currency as a Medium of Exchange (13th Century)
During the 13th century, under Mongol Emperor Kublai Khan, gold coins were the standard medium of exchange.
Kublai Khan devised a plan to centralize wealth: he asked the public to deposit their gold coins in the royal treasury in return for receipts (paper notes) of equal value.
These receipts were easier to carry and use in trade, leading to wide public adoption.
Over time, people deposited their coins once and never returned to reclaim them. Seeing this, Kublai Khan began lending those deposited coins to others with interest.
This marked the birth of the banking system, where deposits were stored, and interest-based loans were issued.
To reinforce this system, he banned the use of gold coins altogether and enforced paper receipts as the only legal medium of exchange, using the power of the state.
#moneyhistory
#moneyrevolution
#cryptoknowldge
#metalcoin
#FiatCurrency
The first official coins were introduced around 600 BC in Lydia, an ancient city in modern-day Turkey, under the rule of King Alyattes. These coins were made from gold and silver and stamped with a royal seal, making them widely accepted and trusted in trade.
Following this, regions like India, Greece, Rome, and China began to mint their own coins for economic exchanges.
---
The Beginning of Paper Currency (7th–9th Century AD)
The Tang Dynasty in China initiated the use of paper during the 7th century AD, but it was not currency in the true sense—rather, it functioned as receipts.
Later, in the 9th century, the Song Dynasty converted these paper receipts into actual paper currency, known as "Jiazi", marking the first use of paper money as a substitute for metal coins.
Paper Currency as a Medium of Exchange (13th Century)
During the 13th century, under Mongol Emperor Kublai Khan, gold coins were the standard medium of exchange.
Kublai Khan devised a plan to centralize wealth: he asked the public to deposit their gold coins in the royal treasury in return for receipts (paper notes) of equal value.
These receipts were easier to carry and use in trade, leading to wide public adoption.
Over time, people deposited their coins once and never returned to reclaim them. Seeing this, Kublai Khan began lending those deposited coins to others with interest.
This marked the birth of the banking system, where deposits were stored, and interest-based loans were issued.
To reinforce this system, he banned the use of gold coins altogether and enforced paper receipts as the only legal medium of exchange, using the power of the state.
#moneyhistory
#moneyrevolution
#cryptoknowldge
#metalcoin
#FiatCurrency
فضيحة وايركارد (2020) (الجزء 9)
🚨 الحبيبة المالية التي تبين أنها سراب
في عام 2020، انهارت وايركارد، التي كانت تُعتبر جوهرة التكنولوجيا المالية في ألمانيا، في فضيحة كشفت عن واحدة من أكبر عمليات الاحتيال المؤسسي في تاريخ أوروبا.
✔️ زعمت الشركة أنها تمتلك 1.9 مليار يورو نقدًا - لكنها لم تكن موجودة.
✔️ لم يتمكن المدققون من التحقق من الأموال، وتم القبض على الرئيس التنفيذي.
✔️ تم خداع المستثمرين والمنظمين وحتى الحكومة الألمانية.
لم يكن هذا مجرد فشل مؤسسي - بل كان انهيارًا منهجيًا في الإشراف والثقة والمسؤولية.
في عام 2020، انهارت وايركارد، التي كانت تُعتبر جوهرة التكنولوجيا المالية في ألمانيا، في فضيحة كشفت عن واحدة من أكبر عمليات الاحتيال المؤسسي في تاريخ أوروبا.
✔️ زعمت الشركة أنها تمتلك 1.9 مليار يورو نقدًا - لكنها لم تكن موجودة.
✔️ لم يتمكن المدققون من التحقق من الأموال، وتم القبض على الرئيس التنفيذي.
✔️ تم خداع المستثمرين والمنظمين وحتى الحكومة الألمانية.
لم يكن هذا مجرد فشل مؤسسي - بل كان انهيارًا منهجيًا في الإشراف والثقة والمسؤولية.
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Lesson 02 What Is Money? — The Three Core Properties
Introduction – Why a Definition Matters
Before we debate gold coins versus Bitcoin, we need clarity on what “money” actually means. Without a shared yard‑stick, anything—from cacao beans to video‑game skins—could masquerade as currency. Economists and historians agree on three essential properties.
1️⃣ Medium of Exchange
Role: lets people buy and sell without swapping goods directly.Requirement: must be widely accepted; if only your neighborhood takes meal‑vouchers, they’re local credit, not money.Historic example: Salt in ancient Rome—the word salary comes from sal. Every legionary wanted it, so it circulated easily.
2️⃣ Unit of Account
Role: common measuring stick so prices of very different goods can be quoted in the same “language.”Requirement: price stability; if 1 unit is worth 10 today and 2 tomorrow, it’s a useless ruler.Historic example: The Islamic gold dinar (7th century): a camel = 100 dinar, a sack of grain = 1 dinar. People thought in dinar, not in camels.
3️⃣ Store of Value
Role: preserves purchasing power over time.Requirement: scarcity + durability. Grain spoils; gold doesn’t.Historic example: The British gold sovereign (from 1816); a sailor could save it today and spend it ten years later with minimal loss of buying power.
How today’s contenders measure up
🐐 Barter. Because every transaction hinges on a “double coincidence of wants,” barter fails all three tests. It is rarely accepted beyond the immediate parties, offers no common yard‑stick for pricing, and livestock or produce lose value as they age or spoil.
🐚 Cowrie shells. In many parts of Africa and Asia they once met the first criterion—they were widely recognized—so they worked reasonably well as a medium of exchange. Yet their usefulness as a unit of account and store of value was shaky: whenever large new supplies of shells washed ashore or were imported, prices swung wildly and people’s savings literally washed away.
💰 Gold. Gold comfortably clears all three hurdles. Centuries of trade have made it universally acceptable, merchants post prices in grams or troy ounces, and its rarity plus physical durability let it preserve purchasing power across generations.
💵 Modern fiat currency. Government‑issued paper or digital balances excel as a medium of exchange and unit of account—legal‑tender laws and tax obligations virtually guarantee acceptance, and every price tag in the supermarket is denominated in it. As a store of value, however, fiat money is only as reliable as central‑bank policy; inflation can and does erode its real purchasing power over time.
₿ Bitcoin. Bitcoin is steadily improving as a medium of exchange—online merchants, payment processors, and Lightning wallets broaden its reach each year. Within the crypto ecosystem it already serves as the unit in which other assets are quoted (“sats per NFT,” for instance). Its long‑term store‑of‑value case rests on absolute scarcity (a hard cap of 21 million coins) and cryptographic integrity, though short‑term price swings remain pronounced.
By examining each candidate in narrative form, the same verdict emerges: the closer a system comes to nailing all three properties—exchange, accounting, and storage—the more convincingly it functions as money.
The Common Thread
Each monetary upgrade tries to strengthen the trio:
Scarcity → from abundant shells to mathematically capped code.Reliability → from perishable items to a blockchain verified every 10 minutes.Transferability → from heavy ingots to private keys moving at internet speed.
Conclusion
Viewing money through these three lenses lets us judge any newcomer—municipal “social coins,” stablecoins, whatever. The question is always: how well does it satisfy each property?
In your view, which requirement is hardest to keep in 2025?
💬 Price Stability
🔐 Security / Verifiability
📈 Scarcity
New lesson drops daily—join the journey! Smash that like and comment so I know you’re aboard.
⚠️ Disclaimer: educational content only, not financial advice.
$BTC #financialliteracy
#moneyhistory
Before we debate gold coins versus Bitcoin, we need clarity on what “money” actually means. Without a shared yard‑stick, anything—from cacao beans to video‑game skins—could masquerade as currency. Economists and historians agree on three essential properties.
1️⃣ Medium of Exchange
Role: lets people buy and sell without swapping goods directly.Requirement: must be widely accepted; if only your neighborhood takes meal‑vouchers, they’re local credit, not money.Historic example: Salt in ancient Rome—the word salary comes from sal. Every legionary wanted it, so it circulated easily.
2️⃣ Unit of Account
Role: common measuring stick so prices of very different goods can be quoted in the same “language.”Requirement: price stability; if 1 unit is worth 10 today and 2 tomorrow, it’s a useless ruler.Historic example: The Islamic gold dinar (7th century): a camel = 100 dinar, a sack of grain = 1 dinar. People thought in dinar, not in camels.
3️⃣ Store of Value
Role: preserves purchasing power over time.Requirement: scarcity + durability. Grain spoils; gold doesn’t.Historic example: The British gold sovereign (from 1816); a sailor could save it today and spend it ten years later with minimal loss of buying power.
How today’s contenders measure up
🐐 Barter. Because every transaction hinges on a “double coincidence of wants,” barter fails all three tests. It is rarely accepted beyond the immediate parties, offers no common yard‑stick for pricing, and livestock or produce lose value as they age or spoil.
🐚 Cowrie shells. In many parts of Africa and Asia they once met the first criterion—they were widely recognized—so they worked reasonably well as a medium of exchange. Yet their usefulness as a unit of account and store of value was shaky: whenever large new supplies of shells washed ashore or were imported, prices swung wildly and people’s savings literally washed away.
💰 Gold. Gold comfortably clears all three hurdles. Centuries of trade have made it universally acceptable, merchants post prices in grams or troy ounces, and its rarity plus physical durability let it preserve purchasing power across generations.
💵 Modern fiat currency. Government‑issued paper or digital balances excel as a medium of exchange and unit of account—legal‑tender laws and tax obligations virtually guarantee acceptance, and every price tag in the supermarket is denominated in it. As a store of value, however, fiat money is only as reliable as central‑bank policy; inflation can and does erode its real purchasing power over time.
₿ Bitcoin. Bitcoin is steadily improving as a medium of exchange—online merchants, payment processors, and Lightning wallets broaden its reach each year. Within the crypto ecosystem it already serves as the unit in which other assets are quoted (“sats per NFT,” for instance). Its long‑term store‑of‑value case rests on absolute scarcity (a hard cap of 21 million coins) and cryptographic integrity, though short‑term price swings remain pronounced.
By examining each candidate in narrative form, the same verdict emerges: the closer a system comes to nailing all three properties—exchange, accounting, and storage—the more convincingly it functions as money.
The Common Thread
Each monetary upgrade tries to strengthen the trio:
Scarcity → from abundant shells to mathematically capped code.Reliability → from perishable items to a blockchain verified every 10 minutes.Transferability → from heavy ingots to private keys moving at internet speed.
Conclusion
Viewing money through these three lenses lets us judge any newcomer—municipal “social coins,” stablecoins, whatever. The question is always: how well does it satisfy each property?
In your view, which requirement is hardest to keep in 2025?
💬 Price Stability
🔐 Security / Verifiability
📈 Scarcity
New lesson drops daily—join the journey! Smash that like and comment so I know you’re aboard.
⚠️ Disclaimer: educational content only, not financial advice.
$BTC #financialliteracy
#moneyhistory
تاريخ بايت: لماذا كان أندرو جاكسون يكره النقود الورقية
🏛️ كان الرئيس أندرو جاكسون (الرئيس السابع للولايات المتحدة) يكره بشدة النقود الورقية لأنه في عصره، كانت البنوك الخاصة تطبع عملتها الخاصة، مما أدى إلى عدم الاستقرار والفساد.
كان جاكسون يعتقد أن البنوك المركزية تسيء استخدام سلطتها وأنه يجب أن يدعم النقود الحقيقية الذهب والفضة فقط - لا للطباعة غير الخاضعة للرقابة!
أدى نضاله إلى إغلاق البنك الثاني للولايات المتحدة، مما أعاد تشكيل النظام المصرفي الأمريكي لعقود.
🔍 من المثير للاهتمام كيف تتردد نقاشات الأموال القديمة في محادثة اليوم حول العملات المشفرة مقابل العملات الورقية.
💬 الذهب، العملات الورقية أو العملات المشفرة - أي منها تثق به أكثر؟
#AndrewJackson #MoneyHistory #SoundMoney #CryptoEducation #Binance
$ETH
🏛️ كان الرئيس أندرو جاكسون (الرئيس السابع للولايات المتحدة) يكره بشدة النقود الورقية لأنه في عصره، كانت البنوك الخاصة تطبع عملتها الخاصة، مما أدى إلى عدم الاستقرار والفساد.
كان جاكسون يعتقد أن البنوك المركزية تسيء استخدام سلطتها وأنه يجب أن يدعم النقود الحقيقية الذهب والفضة فقط - لا للطباعة غير الخاضعة للرقابة!
أدى نضاله إلى إغلاق البنك الثاني للولايات المتحدة، مما أعاد تشكيل النظام المصرفي الأمريكي لعقود.
🔍 من المثير للاهتمام كيف تتردد نقاشات الأموال القديمة في محادثة اليوم حول العملات المشفرة مقابل العملات الورقية.
💬 الذهب، العملات الورقية أو العملات المشفرة - أي منها تثق به أكثر؟
#AndrewJackson #MoneyHistory #SoundMoney #CryptoEducation #Binance
$ETH
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The First Great Incident in Money – Tulip Mania (1636-1637) (Part 1)
🚨 The World’s First Financial Bubble
In the 17th century, the Dutch experienced one of the most bizarre financial crises in history—Tulip Mania. What started as a simple trade in tulip bulbs turned into a speculative frenzy, with prices skyrocketing to absurd levels before crashing overnight.
✔️ Tulip bulbs became a status symbol, attracting wealthy merchants and investors.
✔️ At its peak, a single tulip bulb was worth more than a house, fueling mass speculation.
✔️ When the market collapsed, fortunes were lost, marking one of history’s first financial bubbles.
This wasn’t just a flower craze—it was a lesson in market speculation that still applies today.
💰 The Rise – How Tulips Became More Valuable Than Gold
🚨 Tulips were rare and exotic, making them highly desirable.
🚨 Investors started buying bulbs at inflated prices, hoping to sell them for even more.
🚨 Contracts were made for future tulip deliveries, creating a speculative market.
For months, the Dutch economy revolved around tulips, until reality hit.
🔥 The Collapse – The Moment Everything Fell Apart
✔️ Prices reached unsustainable levels, with some bulbs selling for 10 times their original value.
✔️ A sudden panic led to mass selling, causing prices to plummet.
✔️ Investors were left bankrupt, as tulip bulbs became worthless overnight.
This case wasn’t just a financial disaster—it was a warning about speculative bubbles.
⚖️ The Aftermath – Lessons for Today’s Markets
🚨 Speculation can drive prices beyond reason, leading to inevitable crashes.
🚨 Market hype often blinds investors, making them ignore fundamental value.
🚨 History repeats itself, with similar bubbles seen in stocks, real estate, and even crypto.
Tulip Mania wasn’t just about flowers—it was a defining moment in financial history.
#MoneyHistory #FinancialCrises #SpeculativeBubbles #Write2Earn 🚀🔥
In the 17th century, the Dutch experienced one of the most bizarre financial crises in history—Tulip Mania. What started as a simple trade in tulip bulbs turned into a speculative frenzy, with prices skyrocketing to absurd levels before crashing overnight.
✔️ Tulip bulbs became a status symbol, attracting wealthy merchants and investors.
✔️ At its peak, a single tulip bulb was worth more than a house, fueling mass speculation.
✔️ When the market collapsed, fortunes were lost, marking one of history’s first financial bubbles.
This wasn’t just a flower craze—it was a lesson in market speculation that still applies today.
💰 The Rise – How Tulips Became More Valuable Than Gold
🚨 Tulips were rare and exotic, making them highly desirable.
🚨 Investors started buying bulbs at inflated prices, hoping to sell them for even more.
🚨 Contracts were made for future tulip deliveries, creating a speculative market.
For months, the Dutch economy revolved around tulips, until reality hit.
🔥 The Collapse – The Moment Everything Fell Apart
✔️ Prices reached unsustainable levels, with some bulbs selling for 10 times their original value.
✔️ A sudden panic led to mass selling, causing prices to plummet.
✔️ Investors were left bankrupt, as tulip bulbs became worthless overnight.
This case wasn’t just a financial disaster—it was a warning about speculative bubbles.
⚖️ The Aftermath – Lessons for Today’s Markets
🚨 Speculation can drive prices beyond reason, leading to inevitable crashes.
🚨 Market hype often blinds investors, making them ignore fundamental value.
🚨 History repeats itself, with similar bubbles seen in stocks, real estate, and even crypto.
Tulip Mania wasn’t just about flowers—it was a defining moment in financial history.
#MoneyHistory #FinancialCrises #SpeculativeBubbles #Write2Earn 🚀🔥
العملة الورقية في أوروبا (القرن السابع عشر)
في القرن السابع عشر، طبع بنك ستوكهولم في السويد أول عملة ورقية رسمية في أوروبا.
تبعته دول أخرى قريبًا.
بينما كانت العملات الذهبية لا تزال في التداول، أدى الحاجة إلى الأوراق النقدية في البنوك والإقراض إلى تأسيس البنوك.
ومع ذلك، غالبًا ما انهارت هذه البنوك المبكرة بسبب الإفراط في الطباعة - إصدار المزيد من الأوراق النقدية أكثر مما تمتلكه من الذهب.
ثورة العملة الورقية (القرن الثامن عشر - العشرين)
في القرن الثامن عشر، كانت العالم تعمل بموجب معيار الذهب، مما يعني أن جميع العملات كانت مدعومة بالذهب المادي، مما يضمن الاستقرار والسيطرة على التضخم.
ومع ذلك، في القرن العشرين، وخاصة في عام 1971، ألغى الرئيس الأمريكي ريتشارد نيكسون رسميًا معيار الذهب، وانتقل العالم إلى العملة الورقية - المال غير المدعوم بأي أصل مادي، بل فقط بموجب مرسوم حكومي.
الآن، تقوم الحكومات بطباعة الأموال كما تشاء، مما يؤدي إلى التضخم وانخفاض قيمة العملة.
على عكس عصر معيار الذهب، يمكن للحكومات الحديثة التلاعب بمعدلات الفائدة وطباعة الأموال بلا حدود، مما غالبًا ما يعطل التوازن الاقتصادي.
ظهور العملة الرقمية (القرن الواحد والعشرون)
في 31 أكتوبر 2009، قدم شخص غامض (أو مجموعة) باستخدام الاسم ساتوشي ناكاموتو مفهومًا ثوريًا عبر ورقة بيضاء من 9 صفحات: عملة رقمية لامركزية تُسمى البيتكوين.
منذ ذلك الحين، ظهرت آلاف العملات المشفرة.
مع مرور الوقت، يتم اعتماد المال الرقمي بشكل متزايد كشكل جديد من المال.
ومن المثير للاهتمام، كل 100 سنة، يحدث تحول في الشكل السائد من المال، ونحن نشهد حاليًا الثورة الرقمية في المال.
ملخص: أشكال المال عبر الزمن
العصر شكل المال
600 قبل الميلاد عملات معدنية (ذهب/فضة)
القرن السابع - الثالث عشر إيصالات ورقية → عملة ورقية
القرن السابع عشر - التاسع عشر الورق + معيار الذهب
القرن العشرين عملة ورقية
القرن الواحد والعشرون عملة رقمية (عملة مشفرة)
#moneyhistory
#moneyrevolution
#FiatCurrency
#CryptoKnowledge🚀
#bitcoin
في القرن السابع عشر، طبع بنك ستوكهولم في السويد أول عملة ورقية رسمية في أوروبا.
تبعته دول أخرى قريبًا.
بينما كانت العملات الذهبية لا تزال في التداول، أدى الحاجة إلى الأوراق النقدية في البنوك والإقراض إلى تأسيس البنوك.
ومع ذلك، غالبًا ما انهارت هذه البنوك المبكرة بسبب الإفراط في الطباعة - إصدار المزيد من الأوراق النقدية أكثر مما تمتلكه من الذهب.
ثورة العملة الورقية (القرن الثامن عشر - العشرين)
في القرن الثامن عشر، كانت العالم تعمل بموجب معيار الذهب، مما يعني أن جميع العملات كانت مدعومة بالذهب المادي، مما يضمن الاستقرار والسيطرة على التضخم.
ومع ذلك، في القرن العشرين، وخاصة في عام 1971، ألغى الرئيس الأمريكي ريتشارد نيكسون رسميًا معيار الذهب، وانتقل العالم إلى العملة الورقية - المال غير المدعوم بأي أصل مادي، بل فقط بموجب مرسوم حكومي.
الآن، تقوم الحكومات بطباعة الأموال كما تشاء، مما يؤدي إلى التضخم وانخفاض قيمة العملة.
على عكس عصر معيار الذهب، يمكن للحكومات الحديثة التلاعب بمعدلات الفائدة وطباعة الأموال بلا حدود، مما غالبًا ما يعطل التوازن الاقتصادي.
ظهور العملة الرقمية (القرن الواحد والعشرون)
في 31 أكتوبر 2009، قدم شخص غامض (أو مجموعة) باستخدام الاسم ساتوشي ناكاموتو مفهومًا ثوريًا عبر ورقة بيضاء من 9 صفحات: عملة رقمية لامركزية تُسمى البيتكوين.
منذ ذلك الحين، ظهرت آلاف العملات المشفرة.
مع مرور الوقت، يتم اعتماد المال الرقمي بشكل متزايد كشكل جديد من المال.
ومن المثير للاهتمام، كل 100 سنة، يحدث تحول في الشكل السائد من المال، ونحن نشهد حاليًا الثورة الرقمية في المال.
ملخص: أشكال المال عبر الزمن
العصر شكل المال
600 قبل الميلاد عملات معدنية (ذهب/فضة)
القرن السابع - الثالث عشر إيصالات ورقية → عملة ورقية
القرن السابع عشر - التاسع عشر الورق + معيار الذهب
القرن العشرين عملة ورقية
القرن الواحد والعشرون عملة رقمية (عملة مشفرة)
#moneyhistory
#moneyrevolution
#FiatCurrency
#CryptoKnowledge🚀
#bitcoin
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What is the Barter System?
The barter system is a method of exchanging goods where people trade items without using any currency.
The Journey: From an Unorganized to an Organized Barter System
Historical evidence from before 6000 BC shows that the barter system was highly unorganized and came with several important problems, such as:
1. Perishable vs. Non-Perishable Exchange (Coincidence of Durability)
For example, Ali has milk, and Noman has a goat. They both want to trade. Ali wants the goat, and Noman agrees to accept milk in return.
But there's a problem — the goat can survive without getting spoiled for a long time, whereas the milk will go bad quickly.
This issue is called the “Coincidence of perishables vs. non-perishables.”
2. Location Problem (Coincidence of Location)
Suppose Noman and Adil want to exchange houses.
Noman agrees to shift to Adil’s location, but Adil does not like the location of Noman’s house, so the exchange cannot take place.
This issue is known as the “Coincidence of Location.”
3. Mismatch in Needs (Coincidence of Wants)
Let’s say Ali has wheat and Noman has rice.
Ali wants to trade wheat for rice, but Noman doesn’t want wheat — he needs milk instead.
This is called the “Coincidence of Wants”, a major barrier in barter trade.
Human Innovation and Economic Progress
Despite these issues, human beings have always found solutions over time. They tackled the difficulties and improved trade and economy step by step.
Organized Barter in Ancient Civilizations – 3000 BC
By 3000 BC, civilizations like the Indus Valley, Egypt, and Mesopotamia emerged.
As civilizations evolved, they developed language, culture, trade systems, laws, and city management — all of which played a role in making the barter system more organized.
Governments started keeping records of trades.
Example:
1 Ox = 20 sacks of wheat
Such agreed-upon rates helped make the barter system more structured and efficient.
#Bartersystemhistory
#Moneyhistory
#Cryptoknowldge
#Write2Earn
The barter system is a method of exchanging goods where people trade items without using any currency.
The Journey: From an Unorganized to an Organized Barter System
Historical evidence from before 6000 BC shows that the barter system was highly unorganized and came with several important problems, such as:
1. Perishable vs. Non-Perishable Exchange (Coincidence of Durability)
For example, Ali has milk, and Noman has a goat. They both want to trade. Ali wants the goat, and Noman agrees to accept milk in return.
But there's a problem — the goat can survive without getting spoiled for a long time, whereas the milk will go bad quickly.
This issue is called the “Coincidence of perishables vs. non-perishables.”
2. Location Problem (Coincidence of Location)
Suppose Noman and Adil want to exchange houses.
Noman agrees to shift to Adil’s location, but Adil does not like the location of Noman’s house, so the exchange cannot take place.
This issue is known as the “Coincidence of Location.”
3. Mismatch in Needs (Coincidence of Wants)
Let’s say Ali has wheat and Noman has rice.
Ali wants to trade wheat for rice, but Noman doesn’t want wheat — he needs milk instead.
This is called the “Coincidence of Wants”, a major barrier in barter trade.
Human Innovation and Economic Progress
Despite these issues, human beings have always found solutions over time. They tackled the difficulties and improved trade and economy step by step.
Organized Barter in Ancient Civilizations – 3000 BC
By 3000 BC, civilizations like the Indus Valley, Egypt, and Mesopotamia emerged.
As civilizations evolved, they developed language, culture, trade systems, laws, and city management — all of which played a role in making the barter system more organized.
Governments started keeping records of trades.
Example:
1 Ox = 20 sacks of wheat
Such agreed-upon rates helped make the barter system more structured and efficient.
#Bartersystemhistory
#Moneyhistory
#Cryptoknowldge
#Write2Earn
امبراطورية احتيال البريد الإلكتروني النيجيري (1990s–2000s) (الجزء 5)
🚨 الاحتيال الرقمي الذي سرق المليارات
في الأيام الأولى من الإنترنت، ظهرت نوع جديد من الجرائم المالية - احتيال بريد الأمير النيجيري، المعروف أيضًا باسم احتيال 419. ما بدا وكأنه خدعة مضحكة تحول إلى مؤسسة إجرامية عالمية، تسرق مليارات الدولارات من الضحايا غير المشبوهين.
✔️ المحتالون تمثلوا بالملوك أو المحامين أو المسؤولين مقدّمين مبالغ ضخمة من المال مقابل "المساعدة".
✔️ طُلب من الضحايا دفع رسوم صغيرة مسبقًا، والتي تصاعدت مع مرور الوقت.
✔️ انتشر الاحتيال في جميع أنحاء العالم، مستغلاً الثقة والجشع والسذاجة الرقمية.
في الأيام الأولى من الإنترنت، ظهرت نوع جديد من الجرائم المالية - احتيال بريد الأمير النيجيري، المعروف أيضًا باسم احتيال 419. ما بدا وكأنه خدعة مضحكة تحول إلى مؤسسة إجرامية عالمية، تسرق مليارات الدولارات من الضحايا غير المشبوهين.
✔️ المحتالون تمثلوا بالملوك أو المحامين أو المسؤولين مقدّمين مبالغ ضخمة من المال مقابل "المساعدة".
✔️ طُلب من الضحايا دفع رسوم صغيرة مسبقًا، والتي تصاعدت مع مرور الوقت.
✔️ انتشر الاحتيال في جميع أنحاء العالم، مستغلاً الثقة والجشع والسذاجة الرقمية.
أصدقائي، أكتب مقالات ممتعة جداً حول اقتصاد المال بطريقة سهلة جداً وبشكل مختصر من خلال شرح كتاب معيار البيتكوين!
حيث تتعلم كيف يعمل المال، كيف تعمل الصناعات، ثورة المال عبر الزمن، نظام البنوك، كيف تؤثر أسعار الفائدة على الأسواق والصناعات وكذلك الاقتصاد، إلخ.
هذه المقالات تزيل الضباب عن عقلك فيما يتعلق بمفاهيم العملات المشفرة.
أصدقائي، هل أنتم مستعدون؟ إذاً شاركوا أفكاركم في التعليقات.
#bitcoin
#Moneyflow
#moneyrevolution
#moneyhistory
#crypto
حيث تتعلم كيف يعمل المال، كيف تعمل الصناعات، ثورة المال عبر الزمن، نظام البنوك، كيف تؤثر أسعار الفائدة على الأسواق والصناعات وكذلك الاقتصاد، إلخ.
هذه المقالات تزيل الضباب عن عقلك فيما يتعلق بمفاهيم العملات المشفرة.
أصدقائي، هل أنتم مستعدون؟ إذاً شاركوا أفكاركم في التعليقات.
#bitcoin
#Moneyflow
#moneyrevolution
#moneyhistory
#crypto
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